Spanish banks suffer under sovereign spotlight

Spanish financial institutions were the subject of widespread speculation this week as rising government yields prompted concern that banks that had used LTRO cash to load up on Spanish government bonds could now face losses.

13 Apr 2012

After a torrid Tuesday which saw 10 year bonos yields hit 6% and the iTraxx senior financials index widen out to 250bp  16bp wider than its close before the Easter weekend  the panic eased slightly on Wednesday and Thursday in the senior cash market, but Spanish
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